Rochester Academy Of Medicine
- Assets
- $847.8k
- Revenue
- $299.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Rochester, NY
- Founding
- 01/1941
- Data as of
- 12/2022
- EIN
- 16-0743127
Organization Overview
Rochester Academy Of Medicine is located in Rochester, NY. The organization was established in 1941. As of 12/2022, Rochester Academy Of Medicine employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Academy Of Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rochester Academy Of Medicine generated $299.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $314.3k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
TO CULTIVATE AND ADVANCE THE SCIENCE OF MEDICINE THROUGH CONTINUING MEDICAL EDUCATION, AND PROMOTE FELLOWSHIP AMONG PHYSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Selma Mujezinovic Dnp Fnp-Bc President | OfficerTrustee | 4 | $0 |
Jonathan Miller CPA Treasurer | OfficerTrustee | 2 | $0 |
Celia Mcintosh Dnp RN Fnp-C Pmhnp Secretary | OfficerTrustee | 2 | $0 |
Mary G Carey PHD RN Faha Faan Trustee | Trustee | 1 | $0 |
Leway Chen MD Trustee | Trustee | 1 | $0 |
Lawrence M Chessin MD Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,091 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,802 |
| Total Program Service Revenue | $70,787 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $127,048 |
| Net Gain/Loss on Asset Sales | $31,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,003 |
| Compensation of current officers, directors, key employees. | $29,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,583 |
| Pension plan accruals and contributions | $409 |
| Other employee benefits | $2,063 |
| Payroll taxes | $9,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $860 |
| Fees for services: Other | $17,862 |
| Advertising and promotion | $0 |
| Office expenses | $24,154 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,184 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,071 |
| Insurance | $16,523 |
| All other expenses | $0 |
| Total functional expenses | $314,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,696 |
| Savings and temporary cash investments | $153,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $513,682 |
| Investments—publicly traded securities | $84,307 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,850 |
| Total assets | $847,848 |
| Accounts payable and accrued expenses | $4,300 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $124,037 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $128,337 |
| Net assets without donor restrictions | $569,415 |
| Net assets with donor restrictions | $150,096 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $847,848 |